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China's economy in 13 graphs

Exports and imports
Chinese economic data has disappointed in 2014, much of this has been blamed in the Lunar New Year which often results in a slowdown of activity. China's exports took an unexpected fall in February, swinging the trade balance into deficit. Exports fell by 18.1 per cent from a year earlier, while imports jumped 10.1 per cent.
?It is unsurprising that base effect is again visible in last month?s trade numbers. In particular, overseas shipments contracted by 18 per cent from a year ago in February against the market consensus of a smaller increase,? said Commonwealth Bank analysts.
Currency depreciation initiated by the Chinese government has also played a role in the month-on-month contraction of exports.
?The resultant fall in CNY appreciation expectation may have led exporters to defer export invoicing due to rising uncertainties in the otherwise stable domestic currency,? CBA said. Photo: CBA